MercoPress. South Atlantic News Agency
“Blue” dollar in Argentina picks up in last day of trading and reaches 8.95 Pesos
In the last business day of the week in Buenos Aires, the parallel market or ‘blue’ dollar rose to 8.95 Pesos (selling price) after its declining tendency during the week, while the official rate ended steady at exchange houses at 5.245 Pesos (selling price). The gap between the two markets stands at over 70%. Read full article
Comments
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May 18th, 2013 - 04:18 am - Link - Report abuse 0Have a good day yankeeboy.
@1 Toby Teen Troll
May 18th, 2013 - 04:31 am - Link - Report abuse 0Toby,
It's more than a bit disturbing that you trawl the Internet all night looking for human tragedy, just to gloat.
That and surfing porn sites, I imagine.
You are beneath contempt.
So they have knobbled the 'blue' market... one has to assume the 'black' market has just got bigger.
May 18th, 2013 - 07:41 am - Link - Report abuse 0Ha ha ha
May 18th, 2013 - 08:56 am - Link - Report abuse 0Last week Illegal dollar was sold at 11 pesos and now people that bought then are desperate to get rid of them at 8, precisely 7.88 pesos was offered by some “Cuevita traders”.
That it is a big fall and not a pick up.
So the price for” illegal cuevitas dollars” will continue fall because simple there are not buyers.
The idiot speculators forgot that the mentality of average Argie have change in comparison with the older ones that are in process of extinction.
Youngsters and middle age lets say between 20 and 40 have no experienced hyperinflation and they care little about the dollar.
And the older have no capacity to buy dollars in large amount so the market is already dead.
So boys I sell dollars at 7.88 how many of you wanna buy?
Don’t worry I will buy them back next week at 6 pesos.
Ha ha
Stupid Rgs think a few days is a trend. Stupid stupid Rgs
May 18th, 2013 - 11:13 am - Link - Report abuse 0“Argentina is trying to manage, though, ineffectively, distortion on its exchange rate,” said Siobhan Morden, head of Latin American strategy at Jefferies LLC. “Clearly, the government can't control the black-market rate, but they are trying to influence it by coming up with ad-hoc measures.”
But the government's measures may offer only a temporary reprieve for the currency, analysts said.
Alberto Bernal, head of research and strategy at Bulltick Capital Markets, expects the Argentine currency to remain under pressure in coming months as the government struggles with its debt and has difficulty borrowing abroad.
“The reality is that unless Argentina fixes its fiscal accounts or regains access to markets, the shadow exchange rate will be pressured,” Mr. Bernal said.
http://online.wsj.com/article/SB10001424127887323582904578489470877343446.html
“So the price for” illegal cuevitas dollars” will continue fall because simple there are not buyers.”
May 18th, 2013 - 02:36 pm - Link - Report abuse 0Have to save this quote for that special moment so the German troll dumburger can repeat them when the market forces the peso to new lows in the coming weeks.
4 DanyBerger (#)
May 18th, 2013 - 03:58 pm - Link - Report abuse 0May 18th, 2013 - 08:56 am
“... So boys I sell dollars at 7.88 how many of you wanna buy?”
All you've got, Dany and as many more that you can beg, borrow or steal. At that price next week I'll be a bloody millionare!!!!!!!
@7 simon ignore him he knows nothing of your country, just a wind up merchant living in Canada with no idea of the pain decent and REAL Argentines are going through
May 18th, 2013 - 04:28 pm - Link - Report abuse 0@8slatzzz
May 18th, 2013 - 05:55 pm - Link - Report abuse 0I don't think he is writing from Csnada - his use of language, references etc.
He claims to be writing from Northern Europe, a political or economic refugee, but again, he seems far too unsophisticated and uneducated to make a go of that.
On the other hand, well steeped in Peronist indoctrination, perhaps Communist ideology, but living a privileged or middle-class existence.
Does not seem to be a complete persona - I'm sure he is a member of the sock-puppetry. A lazy 'Stevie' or a 'Toby without the pimples' :-)
@Troy Tempest
May 19th, 2013 - 06:06 am - Link - Report abuse 0can you tell me idiot when I claimed to write from Europe?
Here I go again...
I’m European which is another thing living in Argentina. Do you understand the difference?
This is good...
“well steeped in Peronist indoctrination, perhaps Communist ideology”
And how did you arrive to that conclusion?
Look at that! Dany and his take on economics.
May 19th, 2013 - 06:57 am - Link - Report abuse 0After all he moved TO Argentina so that tells you something about is intelligence. But here's a comment I posted recently-updated.
Argentina is saved I tell you, SAVED!
But wait hasn't this happened before?
Is it the end of the rise?
Aah the turnipity of it all.
Let's see:
High - 11/11/11 = $4.99
Low - 20/12/11 = $4.61
Then up to $1.16 to....
High - 23/05/12 = $6.15
Low - 14/06/12 = $5.93
Then up to $0.65 to....
High - 19/07/12 = $6.80
Low - 06/08/12 = $6.21
Then up to $1.20 to....
High - 28/01/13 = $8.00
Low - 05/02/13 = $7.59
Then up to $0.75 to....
High - 20/03/13 = $8.75
Low - 25/03/13 = $8.27
Then up to $1.70 to....
High - 08/05/13 = $10.45
Low - today = $8.95
So its drop means the corner has been turned..... Errr hang on a minute, which drop?
The 7.6% drop in December 2011?
The 3.6% drop in June 2012?
The 8.7% drop in August 2012?
The 5.1% drop in February 2013?
The 5.5% drop in March 2013?
The recent 14% drop?
For all these drops, the rate now is still higher than it was in March!
So sure, let the Argentine government dump those dollars into the market.... it's like a sponge, it will soak it up and want more, more, more. People hedging against inflation is not speculation as numbnuts Dany thinks, it's the only way to save when the government won't let you save any other way.
Guaranteed it will go back past $10.45!
@10 Dany
May 19th, 2013 - 02:53 pm - Link - Report abuse 0“I’m European which is another thing living in Argentina. Do you understand the difference?”
Help is ALL to understand, Dany.
The question is, “Are you Argentinian?”
I've just read a fascinating article on the history of devaluation in Argentina:
May 19th, 2013 - 03:20 pm - Link - Report abuse 0If one were to convert a 2013 U$S into 1916 Argentine pesos, you would cover COMPLETELY the six Patagonian Provinces with paper!!!!!!
That is over 930.000 square kilometres of paper money!!!!!!!
Argentina leads the world in devaluations!!!!!
13. I would love to know what the exchange rate is in Paraguay or Bolivia. I think has become dangerous to publish the real rate of exchange in Arg.
May 19th, 2013 - 04:11 pm - Link - Report abuse 0Troy dumburger admitted to being German in one post when everyone one of the trolls was professing to being caught in lies. Who the hell know what and who they] really are.....,.it's a safe assumption that they are La Camporista's, it a 1 meter x 1 meter cube typing away on an old 286 top of the line Commodore PC.
May 19th, 2013 - 04:29 pm - Link - Report abuse 0@Poppy
May 19th, 2013 - 05:06 pm - Link - Report abuse 0“Dumber and Dumberger is German”
That's what I recall, too.
Will never find that post in the vast dumping ground of Troll verbiage though.
Now he is being deliberately vague.
DANY , are you an Argentinian, yes or no?
Simple.
@capt. Poppy
“.it's a safe assumption that they are La Camporista's, it a 1 meter x 1 meter cube typing away on an old 286 top of the line Commodore PC.”
... and I expect the machines were all part of a third-world development fund aid package that we sent them in 1999.
:-)
lol. They take on they make believe nationalities in the assumption that they can say.....“see......others besides SA's support us RG's too”. I really hope that something nasty and drastic happens to Kirchner for the sake of the decent millions of Argentine 's that are stuck in that shit because of her backward actions.
May 19th, 2013 - 06:11 pm - Link - Report abuse 0I’m British Mohammed like you mate.
May 19th, 2013 - 08:59 pm - Link - Report abuse 0Any other question?
@18Dunderhead
May 19th, 2013 - 09:44 pm - Link - Report abuse 0“I’m British Mohammed like you mate.”
Okayyyy, back to reality - that Peso is on its downward spiral, regardless of the silly deflections and ridiculous statements of the Trolls.
:-D
I think Dany is our old friend Alex Vargas. Didn't he talk about British mohammed's all the time?
May 19th, 2013 - 10:26 pm - Link - Report abuse 0They also have about the same mental capacity.
As stupid as Dany is, Alex Vargas is a real 'blunt instrument' by comparison, and even less educated
May 20th, 2013 - 12:08 am - Link - Report abuse 0What was ALex's name .......oh yeah....pirate hunter. nI think the Canadian immigration caught up with him.......of course, now he will magically appear. He was and still is the blunt end of a battering ram.
May 20th, 2013 - 12:26 am - Link - Report abuse 0Poppy
May 20th, 2013 - 05:55 am - Link - Report abuse 0He was very quiet for a bit. He did surface about a week ago - one post only, that I saw.
Even then, there was an air of defeat about him.
PH was definitely brighter than Dany, but his terms of reference were very limited. I don't think he even understood his La Composta rhetoric he was parroting, and his personal experiences revolved around his apartment, his pigeons, and his paper route.
Dany seems to be living in Mendoza now, and hates foreigners - sound familiar??
Dany,
You have not answered me, though I've asked twice, “ are you Argentinian?”
Afraid/ashamed to answer or got something to hide???
I am sure you and everyone else notices how their persona's change over time.....then come back to the original. They do not get that one can have a distinct personality in their writing. While kirchnerites are a definite disease to Argentina, those la camporistas are the actual bacterium. They seem to think that in this very tiny community we call Earth, they can do as they please and to anyone. Steal businesses, hold hostage business funds for negotiating, default on debt, close off imports and expect others to remain open.....their day of reckoning is about to put into port.
May 20th, 2013 - 10:13 am - Link - Report abuse 0Estimates are 12/1 Avg Blue rate for 2013.
May 20th, 2013 - 12:48 pm - Link - Report abuse 0Which means it will be higher than that by the end of the year
probably around 15-17
http://www.lanacion.com.ar/1583491-estiman-que-el-dolar-blue-puede-promediar-los-12-durante-este-ano
giggle
@ Troy Tempest
May 20th, 2013 - 08:21 pm - Link - Report abuse 0“Dany,
You have not answered me, though I've asked twice, “ are you Argentinian?”
Afraid/ashamed to answer or got something to hide???”
I’m Afraid because here is full of squatters and I don’t want some of you invading my garden.
@ yankeeboy
Last week Illegal USD dollar 11 pesos today 8.85 pesos close to 26% lost rough estimation...
Ha ha
“Last week Illegal USD dollar 11 pesos today 8.85 pesos close to 26% lost rough estimation...”
May 20th, 2013 - 09:05 pm - Link - Report abuse 0WE'RE SAVED, I TELL YOU, SAVED!
Proof beyond doubt that the Argentine economy has turned the corner.
HALLELUJAH! PRAISE BE TO CRISTINA.
8.85 pesos. Gold cobblestones for all the streets!
But wait hasn't this happened before?
Is it the end of the rise?
Aah the turnipity of it all.
Let's see:
High - 11/11/11 = $4.99
Low - 20/12/11 = $4.61
Then up to $1.16 to....
High - 23/05/12 = $6.15
Low - 14/06/12 = $5.93
Then up to $0.65 to....
High - 19/07/12 = $6.80
Low - 06/08/12 = $6.21
Then up to $1.20 to....
High - 28/01/13 = $8.00
Low - 05/02/13 = $7.59
Then up to $0.75 to....
High - 20/03/13 = $8.75
Low - 25/03/13 = $8.27
Then up to $1.70 to....
High - 08/05/13 = $10.45
Low -20/05/13 = $8.90
So its drop means the corner has been turned..... Errr hang on a minute, which drop?
The 7.6% drop in December 2011?
The 3.6% drop in June 2012?
The 8.7% drop in August 2012?
The 5.1% drop in February 2013?
The 5.5% drop in March 2013?
The 15% drop this month?
For all these drops, the rate is still nearly double what it was in December 2011! And still higher than 60 days ago. But at what cost?
So sure, let the Argentine government dump those dollars into the market.... it's like a sponge, it will soak it up and want more, more, more. People hedging against inflation is not speculation as numbnuts Dany thinks, it's the only way to save when the government won't let you save any other way.
Guaranteed it will go back past $10.45!
Lost 26% Dany? 1.55 of 10.45 is 15% numbnuts. Embarrassed of your nationality, suck at economics and can't do basic math. Anyone would THINK you are little off your game recently.
@Anglotino
May 21st, 2013 - 04:41 am - Link - Report abuse 0The Illegal dollar was traded at 11 pesos now it is 8.85 pesos.
The gap it is 24.3% so people that bought at 11 pesos has to expect a rise of 24.3% to have again the same amount of pesos invested. A clear lost for me the base now is 8.85 pesos and not 11 pesos.
They lost 2,15 pesos for Illegal dollar bought and not 1.55 pesos as you said then you have to also add the fee they paid to buy and sell the dollars
DANY
May 21st, 2013 - 05:57 am - Link - Report abuse 0“Dany,
You have not answered me, though I've asked twice, “ are you Argentinian?”
Afraid/ashamed to answer or got something to hide???”
I’m Afraid because here is full of squatters and I don’t want some of you invading my garden.“
You still haven't answered my question,”are you Argentinian?“
Not sure what ”squatters “ have to do with anything, or your ”garden”???
Yes Dany because the blue dollar has now PERMANENTLY dropped and will never rise again.
May 21st, 2013 - 08:51 am - Link - Report abuse 0NEVER I TELL YOU. NEVER EVER!
Ever.
For ever after.
It will never rise again.
Or will it?
Time is again on my side. I shall remind sometime soon of how much money you could have made if you bought today.
And then you will AGAIN move the goal posts. Enjoy your salary in Argentinean pesos. LOL
@Troy Tempest
May 22nd, 2013 - 02:38 am - Link - Report abuse 0I never answer anyone that tries to interrogate me like you try to do, so keep trying.
@Anglotino
You are making futurology and want that you desire become true.
Reality is another thing today “Illegal cuevita dollar” 8,43 pesos and falling plus fees to sell or buy.
AR$2.57 lost for Illegal dollar since the poor bad informed idiots bought it.
Including fees more than 30% lost of the original investment.
BTW have you bought “Illegal cuevitas dollars”?
Come boy buy it you are losing a good business opportunity.
@31 Dany
May 22nd, 2013 - 04:16 am - Link - Report abuse 0“I never answer anyone that tries to interrogate me like you try to do, so keep trying.”
Well, Dany, you have already told us in the past few days that you are a
“a European living in Argentina”!
At the same time, you Trolls have repeatedly insisted that “Argentinians are NOT Europeans” and “Europeans are Imperialists and Colonialists and amoral exploiters of the noble SA peoples” etc.
So, which are YOU???
We know that Toby Teen Troll calls himself “Argentinian” from Mendoza, and HE says Argentina does not need or want the foreign European exploiters.
I guess that means YOU!!!
LOL !!!!
Dany,
May 22nd, 2013 - 04:29 am - Link - Report abuse 0Why would I use any currency other than my own in my country? What a silly question.
But I will be bringing only US dollars when I visit Argentina. I'm pretty surest places will rather accept those after a little haggling. And I'll stay away from getting the pathetic government mandated rate that is for sure.
How's you salary in pesos? I'm not interested in how much you earn, but how much was you last pay increase? Or the next one?
How's your savings going? Squirreling away your excess pay for a rainy day?
@Troy Tempest
May 22nd, 2013 - 08:09 am - Link - Report abuse 0To be honest I’m a European exploiter that love to sell coloured mirrors to people like you.
I have some very beautiful mirrors just made for you...
Do you want to buy some?
I accept Pesos, Dollar, Euros, Yuans and also gold, land and oil as a payment.
Sorry no British pound toilette paper accepted at the moment. Risky country you know...
Do you have a paypal account?
“At the same time, you Trolls have repeatedly insisted that “Argentinians are NOT Europeans” and “Europeans are Imperialists and Colonialists and amoral exploiters of the noble SA peoples” etc.”
I’m imperialist I have never denied that, in fact you would be colonised by me if I would be in power.
Hey mate people need to be civilised by more civilised society you know.
@Anglotino
Did I say that you have to use other currency, where?
I said that if you recommend me to buy “Illegal USD cuevita dollars” why you don’t take advantage on your on advise and make a huge profit. That’s all.
Ah! I have business Mr. Aglotino I have not bosses and I live quite well in Argentina better than if I would be in Europe sad but true.
I do not work for a salary I have my own business and I also rent properties I have so virtually I can live without working.
Do you think that I could do that in Europe?
Nahh!
My saving are quite well thank you for your concern.
I used to think Bitcoins were the most stupid idea for a currency, but it seems in Argentina they are considered better than the Peso.
May 22nd, 2013 - 08:39 am - Link - Report abuse 0http://qz.com/85322/in-argentina-theres-a-gorgeous-apartment-for-sale-and-only-it-costs-409-bitcoins/
“Former IMF director Claudio Loser is skeptical of Bitcoin, but said he understands its appeal in Argentina. “Some Argentines are willing to take very risky investments and bet on this thing which feels almost like a ponzi scheme because they feel their options locally are even more dangerous,” Loser told Bloomberg last month.
If Bitcoin plummets, it will bring the growing pool of progressive investors in Argentina down with it. Mt. Gox, the world’s largest Bitcoin exchange, is already being pressured to close, and there’s always the chance that Kirchner will ban Bitcoin entirely.
But Argentines have little to lose; even the riskiest investment is better than relying on their monetary system these days.”
Money is an instrument to make easy trade.
May 22nd, 2013 - 11:07 am - Link - Report abuse 0Modern FIAT currency has not intrinsic value, what do you get by a dollar bill?
Absolutely nothing because since the ’70 USD are backed by thing air.
So currencies on these days are just painted paper that people trust like in religion.
I don’t trust in religion and less in painted paper, but painter paper still allows me to buy tangible assets.
So does matter if the printed paper is Pesos or dollar?
Nope because all printed money are backed by thin air.
Who really trust in any advice provided by someone called Loser?
The poor guy is a competed stupid he has no clue about real economy like Jorge Avila.
If you really know how economy works you wouldn’t be teaching economy in the UNPL or you wouldn’t be working to the IMF as Claudio Loser have done.
Economist just idiots that ruin countries and have no clue about how real economy works.
No economist can survive in the real business world because they have no clue about how the real economy works.
Sad but true...
@36 Dandy
May 22nd, 2013 - 12:04 pm - Link - Report abuse 0“Economist just idiots that ruin countries and have no clue about how real economy works.
No economist can survive in the real business world because they have no clue about how the real economy works.
Sad but true...”
Good thing you have “Kiss-off” then, he's a genius!!
Where is the Blue Dollar now??
Peso 16/1 by the end of the year.
Thanks, Kiss-off !!!
:-D
Ah Dany so you moved to Argentina, started a business and bought properties.
May 22nd, 2013 - 12:27 pm - Link - Report abuse 0So busy. Live off the money your business and investments make and have savings.
All done in pesos? Well that is truly amazing.
Interesting. And Argentina isn't suffering 25%+ inflation according to you and GDP growth is high.
Well enjoy your investments and savings. Should be an interesting couple of years for you.
So gotta bookmark this one.
@Troy Tempest
May 22nd, 2013 - 05:06 pm - Link - Report abuse 0Illegal cuevita dollar yesterday 8,43 pesos falling from 11 pesos.
Do you want to buy at 11 pesos?
Hurry up please because ate the end of the year will be at 16 or may be 30 pesos who knows.
Oops another rise 12 peso now, make a decision boy you are losing and losing money every minute.
Oops again 12.50 pesos
Sorry only transactions in pesos are taken.
@Anglotino
What do you have to twist everything?
Guaguita! what that means? and popolito popotito or potito?
DANY
May 22nd, 2013 - 06:07 pm - Link - Report abuse 0I can wait.
The roller coaster goes up each time, before the thrilling scary downhill ride.
I can wait - but your time is running out
:-)
I haven't twisted a thing. As you are incapable of giving a clear answer on anything personal, you thereby leave it up to interpretation.
May 22nd, 2013 - 10:00 pm - Link - Report abuse 0There is a reason people minimise personal information on an anonymous forum, because they are trying to control their inconsistencies.
For instance, I live within 1km of Melville Rd, Brunswick West, Victoria, Australia. See how easy that is! You are no closer to knowing my actual identity and yet I gave a clear piece of information. No need to interpret that. Get a map, draw an outline 1km each side of Melville Road while it is in the suburb of Brunswick West and my house is within that zone.
You allude to everything because you lie. It is you that twists everything.
And again, that is fine because you devalue your own worth on here. And that suits me fine because it means my viewpoints and opinions and interpretation of facts carry greater weight and belief than yours.
Like many others on here, you can't repress your hubris in replying. Your comments are cumulative so you eventually you damn yourself by your own words. Stevie did it, Think does it, Nostrils does it too.
You believe the murder rate in the UK is higher than South Africa.
You believe that Australia has worse poverty and slums than Peru, Zimbabwe and Argentina.
You migrated to Argentina and already awaiting your new Argenine passport.
You categorically deny Argentine inflation is higher than INDEC states.
You supposedly have the business nous to be self employed, own investment properties and have savings - and yet you migrated to Argentina.
I don't twist. I just repeat. And you my dear sir are a joy to repeat sometimes.
@Anglotino
May 24th, 2013 - 04:30 am - Link - Report abuse 0And the point of you salad post is???
“There is a reason people minimise personal information on an anonymous forum, because they are trying to control their inconsistencies.”
Really?
I thought that just was and act of common sense.
“And again, that is fine because you devalue your own worth on here”
Really? And who cares?
“You believe the murder rate in the UK is higher than South Africa”
can you see how you twist things?
I said what UK figures and media says and was about violent crime.
I know for been living in UK that there are a lot of crime, drug dealing, etc. But I never been in South Africa so I don’t know ask “Richard Edwards, Crime Correspondent” from The Telegraph or “James Slack” from The Daily Mail uk.
http://www.telegraph.co.uk/news/uknews/law-and-order/5712573/UK-is-violent-crime-capital-of-Europe.html
http://www.telegraph.co.uk/news/uknews/law-and-order/5712573/UK-is-violent-crime-capital-of-Europe.html
“You believe that Australia has worse poverty and slums than Peru, Zimbabwe and Argentina.”
Well how do you call this...
http://www.telegraph.co.uk/news/uknews/law-and-order/5712573/UK-is-violent-crime-capital-of-Europe.html
http://www.telegraph.co.uk/news/uknews/law-and-order/5712573/UK-is-violent-crime-capital-of-Europe.html
http://www.telegraph.co.uk/news/uknews/law-and-order/5712573/UK-is-violent-crime-capital-of-Europe.html
Dany
May 27th, 2013 - 03:01 am - Link - Report abuse 0I'm sure your links are fascinating and prove beyond a shadow of a doubt that Australia is suffering worse economic and social problems than Argentina.
And we an exchange rate drop or economic crisis away from one of the richest, most stable and successful countries to becoming the next Argentina..... sorry Argentina is perfect without any economic problems.
Back on topic though, blue dollar back up to 8.95.
And not even a week after dropping so far.
Time is always on my side and never on yours. My predictions:
- Argentina suffers an economic crisis before Australia
- blue dollars hits a new record high within 8 weeks
@43 Anglotino
May 27th, 2013 - 06:55 am - Link - Report abuse 0“Time is always on my side and never on yours. My predictions:
- Argentina suffers an economic crisis before Australia
- blue dollars hits a new record high within 8 weeks”
Anglotino
Be realistic,
within 6 weeks.
:-)
Troy, you optimist, you!
May 27th, 2013 - 10:12 pm - Link - Report abuse 0Commenting for this story is now closed.
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